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Course Methodology

 

The instructional format combines the presentations by the course leader with plenty of interactive discussions to illustrate key learning points. The course also includes case studies related to different industries, followed by individual/group exercises.

 

 
Course Objectives

By the end of the course, participants will be able to:

 
  • Achieve a complete overview of EPC projects
  • Recognize the critical elements of a project plan and contracting strategy 
  • Develop an understanding of the risks involved and necessary aspects of the EPC contracts
  • Get acquainted with the EPC contract award process 
  • Gain insights into effective contract administration and performance management  
 
Target Audience

Project Managers, Contract Managers, Procurement Managers, Planning Managers, Financial Managers, Business Development Managers, Enterprise Risk Managers, Process Engineers, Operations and Maintenance (O&M) Engineers, Personnel from Oilfield Equipment Suppliers, Original Equipment Manufacturers (OEMs), and EPC Contractors.

 
Target Competencies
  • Understanding EPC contracts
  • Understanding EPC project lifecycle
  • Risk management
  • Understanding project management tools
  • Contract management
  • Understanding procurement processes
  • Vendor management
  • Overview and Significance of EPC Projects  
    • Conceptual study and other relevant factors   
    • Hazard Identification (HAZID)
    • Contracting strategy for EPC projects
    • Contractual structure
    • Front-end engineering and design (FEED)
    • Fixed price lump sum EPC contracts
  • Project Plan and Strategy
    • Success factors of the EPC project
    • Key project issues and drivers
    • Elements of the project execution plan (PEP)
    • Project control strategies
    • Project management office (PMO)
  • Risk Review and Critical Aspects in an EPC Contract  
    • Risk assessment
    • Risk probability/impact matrix
    • Quality, delivery, and cost
    • Interfaces in the project
    • Project reporting structure and milestones
    • Performance Guarantee (PG) and Liquidated Damages (LDs) 
  • EPC Contracts Award Process
    • Prequalification of contractors
    • Invitation To Bid (ITB)
    • Bid evaluation
    • Technical and financial gates
    • Letter of Intent (LOI) and Letter of Award (LOA)
  • EPC Contracts Administration and Performance Management   
    • Significance of effective contract administration
    • Measuring and evaluating EPC contract performance
    • Contract change management
    • Management of Change (MOC)
    • Variations, claims, and dispute resolution
    • Hook-up, commissioning, and project close-out

Schedule & Fees


Locations & Date
04/02/2024
08/02/2024
Doha
5500$
English
14/04/2024
18/04/2024
Turkey
5500$
English
08/09/2024
12/09/2024
London
5500$
English
03/11/2024
08/11/2024
Dubai
5500$
English

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